According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “
Other research analysts have also issued reports about the company. B. Riley lowered their target price on Herbalife Nutrition from $58.00 to $50.00 in a research report on Thursday, February 24th. StockNews.com raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Sunday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Herbalife Nutrition presently has a consensus rating of “Buy” and an average price target of $50.17.
Shares of NYSE HLF traded down $1.49 during mid-day trading on Tuesday, hitting $26.61. 1,002,866 shares of the stock traded hands, compared to its average volume of 1,358,507. Herbalife Nutrition has a twelve month low of $26.53 and a twelve month high of $55.78. The company has a market cap of $2.92 billion, a PE ratio of 6.49 and a beta of 1.05. The firm has a 50 day simple moving average of $33.06 and a two-hundred day simple moving average of $38.88.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.02). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. Herbalife Nutrition had a negative return on equity of 38.29% and a net margin of 7.71%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. On average, equities analysts anticipate that Herbalife Nutrition will post 4.21 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Route One Investment Company L.P. raised its position in shares of Herbalife Nutrition by 3.7% in the 4th quarter. Route One Investment Company L.P. now owns 9,112,732 shares of the company’s stock worth $372,984,000 after acquiring an additional 321,500 shares in the last quarter. BlackRock Inc. raised its position in shares of Herbalife Nutrition by 0.9% in the 4th quarter. BlackRock Inc. now owns 4,223,794 shares of the company’s stock worth $172,881,000 after acquiring an additional 38,740 shares in the last quarter. Deccan Value Investors L.P. raised its position in shares of Herbalife Nutrition by 26.3% in the 3rd quarter. Deccan Value Investors L.P. now owns 3,745,293 shares of the company’s stock worth $158,726,000 after acquiring an additional 780,218 shares in the last quarter. CAS Investment Partners LLC raised its position in shares of Herbalife Nutrition by 2.2% in the 4th quarter. CAS Investment Partners LLC now owns 3,062,762 shares of the company’s stock worth $125,359,000 after acquiring an additional 66,300 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. increased its position in Herbalife Nutrition by 17.5% in the 4th quarter. Bronte Capital Management Pty Ltd. now owns 2,755,572 shares of the company’s stock valued at $112,786,000 after buying an additional 410,086 shares in the last quarter.
About Herbalife Nutrition (Get Rating)
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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